TransForce acquires Superior Driver Source

Thursday, January 31, 2013

TransForce, which provides truck drivers on a contract and temporary basis, has acquired Superior Driver Source and Superior Driver Source of the Carolinas for an undisclosed amount.
The senior management of Superior, which provides truck drivers for companies based in the southeast, will join the leadership team at TransForce.
"The combination of Superior and TransForce provides increased opportunities for professional development for both our drivers and our staff,” Gina Colbert, Superior’s president, said in a statement. “More importantly, our existing customers can now benefit from a broader and deeper range of services supported by the nationwide resources at TransForce."
Growth through acquisitions is a bit of a new strategy for TransForce, which in the past has focused on expanding organically. In the last half of 2012, TransForce opened two offices in Oklahoma and one in Santa Fe Springs, Calif. David Broome, TransForce’s chief executive officer, said acquiring companies is a much faster way to both expand the company’s reach and become the market leader in each area TransForce serves.
“We now plan to accelerate our growth trajectory by acquiring companies like Superior that provide quality professional drivers with safe operating histories to a broad range of customers,” he said in a statement.
This acquisition puts TransForce in a good position to confront a challenge in the industry. Speaking recently about his outlook for the trucking industry in 2013, American Trucking Associations' economist Bob Costello said a shortage of truck drivers is still an issue.
"Driver shortage remains a problem for the foreseeable future," he said, "and I think that will remain an issue." - Jon Ross